MasTec Capital Stock vs Retained Earnings Analysis

MTZ Stock  USD 142.06  1.24  0.88%   
MasTec financial indicator trend analysis is infinitely more than just investigating MasTec Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MasTec Inc is a good investment. Please check the relationship between MasTec Capital Stock and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Capital Stock vs Retained Earnings

Capital Stock vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MasTec Inc Capital Stock account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between MasTec's Capital Stock and Retained Earnings is 0.79. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of MasTec Inc, assuming nothing else is changed. The correlation between historical values of MasTec's Capital Stock and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of MasTec Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Stock i.e., MasTec's Capital Stock and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from MasTec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MasTec Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, MasTec's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.09 in 2024, whereas Discontinued Operations is likely to drop (7.8 M) in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.1B1.2B786.8M826.2M
Total Revenue8.0B9.8B12.0B12.6B

MasTec fundamental ratios Correlations

0.990.970.990.980.990.970.940.891.0-0.420.890.990.121.00.60.090.081.00.921.00.960.940.930.60.55
0.990.950.990.940.970.990.890.860.99-0.470.860.980.060.990.560.120.081.00.930.980.960.950.940.530.48
0.970.950.950.960.970.910.940.90.96-0.360.90.950.030.960.490.120.120.960.890.970.930.910.850.530.49
0.990.990.950.950.980.970.90.90.99-0.370.90.980.10.980.590.040.070.990.950.990.970.930.960.570.51
0.980.940.960.950.980.910.970.890.97-0.380.890.970.160.970.60.10.070.970.860.980.930.90.870.640.61
0.990.970.970.980.980.940.960.910.99-0.410.910.970.040.980.530.050.020.980.910.980.970.940.90.540.49
0.970.990.910.970.910.940.840.790.97-0.50.790.970.10.980.590.130.10.980.90.960.930.950.940.540.48
0.940.890.940.90.970.960.840.890.92-0.350.890.92-0.010.920.460.07-0.080.920.820.940.910.830.80.520.48
0.890.860.90.90.890.910.790.890.9-0.261.00.83-0.130.860.32-0.03-0.040.880.90.880.940.830.80.380.31
1.00.990.960.990.970.990.970.920.9-0.40.90.980.090.990.570.070.081.00.940.990.970.950.940.570.52
-0.42-0.47-0.36-0.37-0.38-0.41-0.5-0.35-0.26-0.4-0.26-0.41-0.02-0.48-0.24-0.02-0.14-0.44-0.17-0.4-0.35-0.55-0.37-0.18-0.2
0.890.860.90.90.890.910.790.891.00.9-0.260.83-0.130.860.32-0.03-0.040.880.90.880.940.830.80.380.31
0.990.980.950.980.970.970.970.920.830.98-0.410.830.170.990.640.130.070.990.891.00.940.90.940.630.59
0.120.060.030.10.160.040.1-0.01-0.130.09-0.02-0.130.170.10.720.110.510.1-0.060.13-0.050.020.180.820.86
1.00.990.960.980.970.980.980.920.860.99-0.480.860.990.10.590.110.081.00.90.990.950.960.930.570.53
0.60.560.490.590.60.530.590.460.320.57-0.240.320.640.720.59-0.070.220.60.430.620.460.490.670.820.84
0.090.120.120.040.10.050.130.07-0.030.07-0.02-0.030.130.110.11-0.070.180.080.040.110.020.03-0.020.130.14
0.080.080.120.070.070.020.1-0.08-0.040.08-0.14-0.040.070.510.080.220.180.080.030.060.010.12-0.040.430.42
1.01.00.960.990.970.980.980.920.881.0-0.440.880.990.11.00.60.080.080.930.990.970.950.950.570.52
0.920.930.890.950.860.910.90.820.90.94-0.170.90.89-0.060.90.430.040.030.930.910.960.860.90.420.32
1.00.980.970.990.980.980.960.940.880.99-0.40.881.00.130.990.620.110.060.990.910.960.920.940.610.57
0.960.960.930.970.930.970.930.910.940.97-0.350.940.94-0.050.950.460.020.010.970.960.960.910.90.460.39
0.940.950.910.930.90.940.950.830.830.95-0.550.830.90.020.960.490.030.120.950.860.920.910.880.460.41
0.930.940.850.960.870.90.940.80.80.94-0.370.80.940.180.930.67-0.02-0.040.950.90.940.90.880.580.52
0.60.530.530.570.640.540.540.520.380.57-0.180.380.630.820.570.820.130.430.570.420.610.460.460.580.98
0.550.480.490.510.610.490.480.480.310.52-0.20.310.590.860.530.840.140.420.520.320.570.390.410.520.98
Click cells to compare fundamentals

MasTec Account Relationship Matchups

MasTec fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.0B5.2B7.1B9.3B9.4B9.8B
Short Long Term Debt Total1.5B1.4B2.1B3.5B3.5B3.7B
Other Current Liab277.9M398.0M574.2M615.0M660.9M693.9M
Total Current Liabilities1.2B1.4B1.8B2.5B2.8B3.0B
Total Stockholder Equity1.8B2.0B2.5B2.7B2.7B2.8B
Property Plant And Equipment Net1.1B1.2B1.7B2.0B2.1B2.2B
Net Debt1.4B851.0M1.7B3.1B3.0B3.1B
Retained Earnings1.5B1.8B2.2B2.2B2.1B2.3B
Cash71.4M423.1M360.7M370.6M529.6M556.0M
Non Current Assets Total2.8B2.9B4.2B5.4B5.8B6.1B
Non Currrent Assets Other254.7M282.9M360.1M(571.0B)803.6M843.8M
Cash And Short Term Investments71.4M423.1M360.7M370.6M529.6M556.0M
Net Receivables1.9B1.8B2.2B3.1B3.1B3.3B
Common Stock Shares Outstanding75.8M73.7M73.9M76.2M77.5M60.9M
Liabilities And Stockholders Equity5.0B5.2B7.1B9.3B9.4B9.8B
Non Current Liabilities Total2.0B1.8B2.8B4.1B3.8B4.0B
Inventory100.1M89.6M92.6M118.0M108.1M113.6M
Other Current Assets75.2M31.4M81.9M240.9M210.1M220.6M
Other Stockholder Equity347.5M254.1M450.7M582.7M603.4M375.5M
Total Liab3.2B3.2B4.6B6.6B6.7B7.0B
Property Plant And Equipment Gross1.1B1.2B1.7B2.0B4.0B4.2B
Total Current Assets2.2B2.4B2.9B3.9B4.0B4.2B
Accumulated Other Comprehensive Income(75.7M)(91.4M)(78.8M)(51.0M)(53.0M)(55.6M)
Short Term Debt200.0M217.6M233.3M364.9M452.8M475.4M
Intangible Assets211.5M184.0M670.3M946.3M784.3M823.5M
Accounts Payable535.0M571.3M663.1M1.1B1.2B1.3B
Common Stock Total Equity9.2M9.3M9.5M9.9M11.3M8.1M
Common Stock9.2M9.3M9.5M9.9M9.9M8.2M
Other Liab517.6M533.0M740.3M809.8M931.3M977.8M
Other Assets103K105K(33K)41K(385.1M)(365.8M)
Long Term Debt1.3B1.2B1.9B3.1B2.9B3.0B
Property Plant Equipment905.8M982.3M1.7B2.0B2.3B2.5B
Current Deferred Revenue206.2M228.4M314.0M406.2M481.0M505.0M
Good Will1.2B1.2B1.5B2.0B2.1B2.2B
Net Tangible Assets354.3M574.8M353.0M(254.0M)(292.1M)(277.5M)
Noncontrolling Interest In Consolidated Entity4.5M3.6M4.1M3.9M4.4M4.2M
Retained Earnings Total Equity1.5B1.8B2.2B2.2B2.5B2.7B
Long Term Debt Total1.3B1.2B1.9B3.1B3.5B3.7B

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